Carey has helped Chilean salmon-farmer Cultivos Yadran extend a
syndicated loan worth US$49 million.
The lenders relied on Morales & Besa for the refinancing, which
closed on 20 December.
Cultivos Yadran has undergone numerous restructurings since 2010
when salmon production was hit by the infectious salmon anemia
virus. As part of a restructuring in 2016, its fish food supplier,
Vitapro, acquired 40% of its debts with guarantees from the
company, which include a supply agreement. That deal is also
thought to include a shares-for-debt deal.
Counsel to Cultivos Yadran
Carey
Partner Francisco Ugarte and associates Alejandra Daroch and
Josefina Joannon
Counsel to Itaú Corpbanca, Banco del Estado de Chile and
Santander
Morales & Besa
Partner José Miguel Carvajal and associates Edmundo Varas
and María Francisca Estrougo
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